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1. AirAsia X Reports Q1 2016 Preliminary Operating Results
AirAsia X Berhad, the long-haul, low-cost airline affiliate of the AirAsia Group, has reported its Q1 2016 preliminary operating statistics. The airline’s passenger load factor (PLF) grew 8 percentage points to 82% in Q1 2016 from 74% in the same period last year. In terms of passenger traffic, revenue passenger kilometres (RPKs) increased 19% year-on-year mainly due to strong traf
2. Bangkok Airways Reports Q1 2016 Results; Net Profit Up 44.9%
Bangkok Airways has reported a Q1 2016 revenue of 7,775.7 million Baht, an increase of 15.5% on the same quarter last year. The airline's Q1 2016 net profit was 1,574.6 million Baht, up 44.9% on Q1 2015. Mr. Puttipong Prasarttong-Osoth, President of Bangkok Airways, said,
3. AirAsia X Reports Q1 2016 Net Profit of RM179 Million
AirAsia X Berhad, the long-haul low-cost airline affiliate of the AirAsia Group, has reported a strong Q1 2016 revenue growth of 25% year-on-year to RM971 million, on the back of a 15% increase in passenger traffic and 31% growth in average base fare. Yields, as measured by Revenue per Available Seat Kilometre, surged 17% year-on-year, outpacing a 7% increase in capacity. The compa
4. AirAsia Reports Q1 2016 Operating Results
In Q1 2016, the AirAsia Group reported an average load factor of 86%, up 9 percentage points against the same period last year. The number of passengers carried increased 17% year-on-year to 13.9 million, well ahead of the 6% increase in capacity. At the end of the first quarter, the group’s total fleet size stood at 170 aircraft (171 including one aircraft that was delivered to Ai
5. Record 8,867,971 Passengers Passed Through Hamad Int. Airport’s Gates in Q1 2016
Hamad International Airport (HIA) served a record 8.8 million passengers during Q1 2016, making it the busiest quarter for the airport since opening in May 2014 and a 20% increase on the number of passengers that travelled through the airport in Q1 2015.
6. Zika Virus Linked to Poor Q1 2016 Performance of Hotels in Caribbean
According to STR, the Caribbean hotel industry experienced noticeable performance decreases in Q1 2016 that can in part be linked to the spread of the Zika virus. Compared with the April year-to-date period of 2015, the Caribbean’s occupancy rates fell 3.0% to 72.9%, ADR was down 1.4% to US$268.86 and RevPAR dropped 4.4% to US$195.99.
7. Hotels in Asia Pacific Report Q1 2016 Increase in OR and RevPAR
Compared with Q1 2015, hotels in the Asia Pacific region reported an 1.7% increase in occupancy to 66.6%, ADR remained nearly flat (-0.2% to US$105.04) while RevPAR rose 1.5% to US$69.93. Thailand posted positive results in each of the three key performance measurements: occupancy (+4.6% to 83.6%), ADR (+1.4% to THB4,139.08) and RevPAR (+6.0% to THB3,459.55). STR analysts note that
8. Hotels in Central/South America Report Q1 2016 Decrease in Occupancy
Compared with Q1 2015, hotels in the Central/South America region reported a 4.6% decrease in occupancy to 55.8%, a 9.7% increase in ADR to US$96.39, and a 4.7% rise in RevPAR to US$53.79. Argentina saw a 3.7% decrease in occupancy to 56.4% but significant growth in ADR (+54.8% to ARS1,637.70) and RevPAR (+49.1% to ARS923.90) due to the sharp devaluation of the Argentine peso and h

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